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Lumber Prices Drop as Labour Day Approaches
An old adage often used by Madison’s to explain the typical seasonal cycle of lumber prices is, “Labour Day is the beginning of the end and US Thanksgiving in the end of the end.” Meaning that lumber prices usually drop around Labour Day then keep falling until US Thanksgiving, which normally marks the lowest prices…
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US Housing Market July & Softwood Lumber Prices Aug: 2022
It is important to note that month-over-month starts and permits have indeed dropped, however new building and permits activity for the first seven months of this year were up compared to January to July 2021. The latest US housing starts and US new home sales data, for July 2022, continued the downward trend seen in…
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Most Lumber Prices Flatten on Holiday Slowdown
As we continue to enjoy summer bliss, the calendar moves inexorably into autumn. It is usual for this time of year for most lumber prices to be soft or softening, as most large-volumes buyers (IE: large US home builders) have received the wood they need for ongoing and expected projects. There is an interesting symmetry…
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After Steep Drop, Lumber Prices Recover Somewhat
During these months of deep summer when construction activity is still going on but lumber sales slow because most retailers and end-user have received the wood they expect to need before 3Q, the lumber market generally finds new balance. There are, of course, other variables which affect solid wood prices during the summer season; such…
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Lumber Prices Dip as Seasonal Slowdown Arrives
Most softwood lumber and panel prices dropped significantly on a holiday-shortened week in Canada, as customers were well stocked with wood and producers faced shrinking order files. All of which is normal for this time of year. Something very interesting is that this current price matches very closely to the same week in 2020. Are…
